Tandem Investment Advisors Inc. Sells 2,915 Shares of Accenture plc (NYSE:ACN)

Tandem Investment Advisors Inc. lessened its holdings in Accenture plc (NYSE:ACN) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,986 shares of the information technology services provider’s stock after selling 2,915 shares during the quarter. Accenture comprises approximately 3.2% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Tandem Investment Advisors Inc.’s holdings in Accenture were worth $80,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Chilton Capital Management LLC grew its stake in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Accenture in the 1st quarter worth $28,000. BluePath Capital Management LLC acquired a new stake in shares of Accenture in the 3rd quarter worth $31,000. Halpern Financial Inc. acquired a new stake in shares of Accenture in the 4th quarter worth $31,000. Finally, RVW Wealth LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, COO John F. Walsh sold 8,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the sale, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,750 shares of company stock valued at $14,543,436. 0.07% of the stock is currently owned by company insiders.

Accenture Stock Up 0.3 %

ACN traded up $0.79 on Wednesday, reaching $314.73. The company’s stock had a trading volume of 2,760,008 shares, compared to its average volume of 2,368,561. The stock has a 50 day moving average of $358.39 and a two-hundred day moving average of $342.14. The company has a market capitalization of $211.10 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.97 and a beta of 1.19. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 earnings per share. As a group, analysts anticipate that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is currently 46.78%.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. Mizuho restated a “buy” rating and issued a $398.00 price objective (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. UBS Group boosted their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Stifel Nicolaus boosted their price objective on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective on the stock in a report on Wednesday, January 17th. Finally, StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.